Free Trial

MNI BRIEF: BOC Reiterates Debate Shifts To Length Of Rate Hold

(MNI) OTTAWA

Bank of Canada Deputy Governor Rhys Mendes reiterated Wednesday that official debate is shifting to how long to hold interest rates as inflation slows.

“The job isn’t done. Inflation is still too high and underlying inflation pressures are still too broad,” he said in opening remarks for a panel talk at Wilfrid Laurier University. (See: MNI INTERVIEW: BOC Stays Restrictive Through 2024- Ex Adviser)

64 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Bank of Canada Deputy Governor Rhys Mendes reiterated Wednesday that official debate is shifting to how long to hold interest rates as inflation slows.

“The job isn’t done. Inflation is still too high and underlying inflation pressures are still too broad,” he said in opening remarks for a panel talk at Wilfrid Laurier University. (See: MNI INTERVIEW: BOC Stays Restrictive Through 2024- Ex Adviser)